FreightWaves NOW

By FreightWaves

FreightWaves NOW is your daily source for the most impactful news in logistics. We break down the complex world of freight—covering trucking, rail, air, and ocean markets—to bring you actionable insig... more

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FAQs about FreightWaves NOW:

How many episodes does FreightWaves NOW have?

The podcast currently has 2,176 episodes available.

FreightWaves NOW episodes:

March 07, 2023 1st Carrier Update - 03/07/2023
Van freight volumes increase during the first week of March

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5min
March 07, 2023Air carriers scaling back on capacity
Eric Kulisch - Air Cargo Editor - FreightWaves - Vancouver, WA
We’ve started to see trucking carriers scale back some, brokerages have had noticeable layoffs - what’s going on in the air cargo industry?

Not too long ago, you were reporting of some airlines making bigger purchases - now we’re hearing about companies Like CargoJet with plans to convert passenger planes into freighters aren’t even doing that - was it a misstep?

Maersk is no idling planes, what’s been their reason for scaling back?

Lufthansa seems to be bucking the trend and looking bullish on 2023 as you wrote - what are they seeing that others aren’t

Have you heard how other air carriers are viewing 2023 and taking any significant steps in altering their strategies?

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10min
March 03, 2023 4th Carrier Update - 03/03/2023
Lanes of the Day

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5min
March 03, 2023 Roundtable - What if ocean carriers ignored the US west coast?
Bill Priestley
Thomas Wasson
Donny Gilbert

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11min
March 03, 2023New Tool to offer Training as a Service
Tell us about Sync
Training-as-a-service platform for the transportation industry

Training is overlooked
New hire perspective

Continuing education perspective

It’s an area where employers really struggle, so we’re putting together Sync to deliver training more effectively, to help people ramp more quickly and to lessen the burden on management.
Why is training overlooked?
Nobody thinks it’s unimportant, but it rarely gets prioritized

People are busy. A lot of the time, managers get pulled into training and they have other things to do.

It’s not immediately revenue producing, so it gets deprioritized.
We can talk later about how people with training are more productive and it’s a worthwhile investment, but it doesn’t produce revenue the same way booking a truck does.

Why is training so important?
New hires
This is obvious. If you want to set someone up for failure, don’t train them.

From a strictly financial perspective, we can talk about how much more productive someone is after being trained compared with just throwing them into things.

We can talk about the cost of a bad hire. If someone quits in 6 months b/c they weren’t trained well enough to do their job, it costs like $20k or something like that.

Experienced hires & continuing education
More interesting

Skills that you need to broker freight at a high level
Communication, conflict resolution, problem solving, financial literacy

It’s such a demanding job from a skill perspective, but very few people get trained on them

How does training tie into retention?
People want personal and professional growth

People want training

People want career advancement

A lot of brokerage don’t have opportunities for career advancement

If they don’t get training from you, they’ll go somewhere else
How does Sync approach training?
Learning has to be engaging, relevant and actionable
Sticking someone on front of a computer doesn’t do that

I don’t care how many times you’re told how to have a conversation with a driver, you don’t fully understand until you do it.

Videos, but also activities, simulations and shadowing.

Learning is a process, not an event
It’s not just “here’s 2 weeks of training” and you’re done

Learning paths from day 1 until you leave the brokerage.

When is the time to look at training?
Now

In a down market, brokers tend to scale back on tech and people

All this does is set you up for failure when the market swings back.

Now is a great time to invest in training your people to better cope with changing market conditions
Who is Sync for?
Moving into other players

Currently brokers AND tech companies

Delivering training materials to their customers

The knowledge gap for adoption isn’t that people don’t know what buttons to press. It’s that they don’t know how to apply the info they get.

Layer in some additional training to truly teach folk how to use their tech and further driver adoption.

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10min
March 03, 2023 3rd Carrier Update - 03/03/2023
NTI holds at $2.39 rpm

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5min
March 03, 2023Cold Chain transport in rural areas
Mary O’Connell - Running on Ice Community - FreightWaves - St. Louis, MO
What are some of the biggest challenges that rural communities in developing countries or rural America face when it comes to accessing temperature controlled medical supplies?

How do you think technology can help address the issue of temperature control for medical supplies in these areas?

Can you tell me about any successful initiatives or programs that have been implemented to improve access to temperature controlled medical supplies in developing countries or rural America?

What role do you see governments, non-profits, and private industry playing in addressing this issue, and what steps can they take to ensure that temperature controlled medical supplies are accessible to those who need them most?

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10min
March 03, 2023 2nd Carrier Update - 03/03/2023
Will reefer rejection rates fall below dry van rejection rates?

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6min
March 03, 2023Truck Tech: Incubator and accelerator edition
Alan Adler - Midwest Bureau Chief - FreightWaves - Nunica, MI
Volvo wants to incubate inventions by startups. Phillips Industries wants to help accelerate young businesses. Can these approaches work in trucking the same as they do across the technology landscape?
VOLVO created CampX, a physical location where more than 50 startups have explored and accelerated new ideas under the watchful eye of the global truckmaker.
Phillips Industries, a manufacturer of advanced electrical and air brake system components for the commercial truck and trailer industry, announced Phillips Innovations.
Phillips Innovations will focus first on sustainable energy technologies. Companies partnering with Phillips Innovations are:
Merlin Solar, which makes kits to power cab comforts in Class 8 trucks;

ProEV, which makes high-voltage harnesses and electric vehicle technology for battery-electric and fuel cell-powered Class 8 trucks and trailers, and
Spartan Radar, whose trailer blindspot detection devices layer with trailer camera radar technologies to help reduce accidents.

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11min
March 03, 2023 1st Carrier Update - 03/03/2023
Freight volumes (OTVI) climb to 10,500 index points, OTRI increases to 3.55%

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5min

FAQs about FreightWaves NOW:

How many episodes does FreightWaves NOW have?

The podcast currently has 2,176 episodes available.

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